First Citizens Bank & Trust Co. trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 13.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,345 shares of the oil and gas company’s stock after selling 20,036 shares during the quarter. Exxon Mobil comprises about 1.5% of First Citizens Bank & Trust Co.’s investment portfolio, making the stock its 8th biggest holding. First Citizens Bank & Trust Co.’s holdings in Exxon Mobil were worth $10,902,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the stock. CWH Capital Management Inc. purchased a new stake in Exxon Mobil during the 2nd quarter valued at about $114,000. Litman Gregory Asset Management LLC purchased a new stake in Exxon Mobil during the 3rd quarter valued at about $131,000. Acrospire Investment Management LLC grew its position in Exxon Mobil by 172.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after purchasing an additional 1,100 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Exxon Mobil by 2.7% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $153,000 after purchasing an additional 50 shares during the last quarter. Finally, Saratoga Research & Investment Management purchased a new stake in Exxon Mobil during the 3rd quarter valued at about $172,000. Institutional investors own 53.11% of the company’s stock.
XOM stock opened at $73.99 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 0.13. The stock has a market cap of $318,318.16, a P/E ratio of 15.98, a P/E/G ratio of 1.12 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $73.53 and a 1-year high of $89.30.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). The business had revenue of $66.52 billion during the quarter, compared to analysts’ expectations of $74.41 billion. Exxon Mobil had a return on equity of 8.00% and a net margin of 7.61%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS. analysts expect that Exxon Mobil Co. will post 4.82 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Monday, February 12th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date was Friday, February 9th. Exxon Mobil’s payout ratio is 66.52%.
Several brokerages recently commented on XOM. Societe Generale reissued a “buy” rating and set a $87.00 price objective on shares of Exxon Mobil in a research report on Tuesday, March 13th. Piper Jaffray Companies reissued a “hold” rating and set a $83.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Zacks Investment Research downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 14th. JPMorgan Chase & Co. set a $81.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Tuesday, December 12th. Finally, Goldman Sachs set a $92.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, January 22nd. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $86.55.
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About Exxon Mobil
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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